Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.08127 | −0.1768 | get 0.0221% / 1h | 7m 42s | $23K | $313K | 50x | Long TxFlow5% off | |
| SHORT | 0.08135 | −0.1068 | pay 0.0133% / 1h | 7m 42s | $3.0M | $1.7M | 3x | Short Hyperliquid4% off |
Price gap+0.101%
Funding gap+0.0700% /8h
Funding pays +$21 a day on $10k, but the gap is 0.077% under its 7d average: −$8 if it goes back, about 9 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$45+0.0700% /8h now · paid −0.451% over the last 7D
Price−$8spread +0.101% now, avg +0.178% → −0.077% if it goes back
Costs−$920.916% of $10k · taker + slippage, in and out
Result−$144−1.44%+ Points / potential airdropTxFlow: points · Hyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.451% in total, about −0.0215%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.101%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNIL on 15 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size15.6 / 31.1 bpAt $10k entering Hyperliquid costs 31.1 bp, fee and slippage, 2.0× TxFlow’s.
- Note: Margin at max leverage$200 + $3,333TxFlow 50x, Hyperliquid 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$20.99Long TxFlow: 24 payments, +$53.03; short Hyperliquid: 24 payments, −$32.04.
- Watch: Gap narrower than usual+0.101% vs +0.178%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$23K vs $3.0M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow points · Hyperliquid Season 2Volume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Hyperliquid NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0215%/8h × 21 periods−$45.15
Price spread+0.101% → +0.178% (7d avg)−$7.67
Slippage, 4 orderslive order books−$73.59
Fee TxFlow bp × 2 orders−$9.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$144.41
Costs to cover0.916%Break-evennever at this rate
Slippage: TxFlow: live order book, 33 min ago; Hyperliquid: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.2515.6 bp−$16176.8 bp−$1,768doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid3.3231.1 bp−$3198.3 bp−$983doesn’t fitdoesn’t fit
Closing costs about the same again.
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